Allow me to introduce you to plumbing

>>60653175 (OP)
Obsessed, kek fuddies

>>60653243
>dodges a legitimate question

It makes it so that any fiat backed stablecoin must have frequent and transparent audits. Chainlink offers a service like this called proof of reserves. Sure it doesn't "technically" mean these stablecoin issuers HAVE to use chainlink they could find an alternative but why do that extra work when chainlink is already the industry leader and helped write the bill, and has a track record of securing $70 billion?

>>60653258
CCIP, and POR. Proof of reserves provided by chainlink will offer superior real time auditing for cheaper than big 4 auditing firms can provide. Stable coin issuers have to provide audits MONTHLY.

CCIP - if you want to spend jpmorgan coin at apple, or apple coin at mcdonalds or McDonald's coin at a gas station you will need an interop capability. This is the beginning of a weird fork in our timeline

>>60653280
>>60653304
thanks anons

>>60653175 (OP)
Link and co basically wrote the bill

>>60653280
but chainlink already offers this service and allegedly is making 8 figures easily offchain, none of which helps token price

>>60653326
ok and now they will make 9 figures and hire more smart people that will deliver more products which gets us closer to staking v1.0

>>60653337
Yeah but OP's question how it benefits Link. It does not

>>60653304
Thanks for answering.

But isn't this audit be super efficient compared with JP Morgan audit and generate peanuts of revenue for the chain? Like it costs peanuts for base to publish some data on Ethereum and don't increase any meaningful value.

>>60653350
people need to stop falling for this logical fallacy literal whos keep pushing. Nobody is going to have your preferred answer to a question that literally doesn't exist.

>>60653350
>Uh yeah anyway that question I asked, I actually already knew the answer and here's some reasons it's actually really bad for link okay?